Friday, July 30, 2010

Now its a race between Dems and Republicans to repeal a very burdensome and ludicrous requirement of the healthcare sham perpetrated on small business. Somehow, as part of the healthcare bill, there was a requirement for all business to begin reporting on 1099's ALL transactions conducted with ANY business, in excess of $600. This is an accounting and administrative nightmare, the likes of which cannot possibly be imagined. Rep. Scott Murphy (D-NY) offered a bill on Friday morning that would repeal just this part of the healthcare bill. This move was in direct response to Republicans threatening to offer up similar legislation and attach it to the jobs bill last Thursday.

For the first time, House Democrats are proposing repealing a piece of the health care overhaul, one that small businesses have been warning is going to be overly burdensome. The move comes just four months after the Democrats' health plan passed in March. The provision would have required businesses to file 1099 tax forms for all transactions with vendors that total over $600.

Funny enough, the only reason Dems are even looking at repealing this is so Republicans won't be seen as having any kind of win on the repeal of healthcare. Hey, I don't care what it takes to get rid of this stupid and idiotic requirement-I'll take it.

Upcoming Engagements

About Me

I am a mother to two teenage daughters and a successful small business
owner. I attempt to live my life as I want my children to live theirs. I
am traditional in my values, and independent in my thinking.
I have been called a bully and a meany, both of which are probably true.
Most recently, I have considered entering the MMA as part of a
feather-weight tag team.
"I'm not mean-you're just a sissy!"-Happy Bunny